LOS ANGELES (August 24, 2010)— The Los Angeles City Employees’ Retirement System (LACERS) announced today that its investment portfolio closed fiscal year ending June 30, 2010 at $9 billion. The fund posted a gross return of 12.9% over the past one-year period out-performing its policy benchmark for both quarter and one-year period. The 25 year investment rate of return is 8.8%
For the same period ending June 30, all publicly-traded asset and alternative investment classes posted positive returns. The portfolio is diversified, allocated among U.S. and non-U.S. stocks, fixed income, real estate and alternative investments asset classes.
LACERS administers the City’s pension plan to more than 43,500 active and retired City employees and other beneficiaries.